An agreement was signed on August 29 by Hubei United Investment Group, China Ping An Group and Xingye Bank to initiate projects valued 5 billion Yuan (787 million U.S. dollars) into construction of Hubei Intercity Railway, local report said.
Hubei Intercity Railway is the key transportation networks connecting 8 cities around Wuhan and cover towns of more than 200,000 population along the traffic lines. It is also a significant carrier for the realization of "living in the same city" with a transportation time less than half hour. The cooperation of three parties creates precedence on investment in traffic infrastructure with insurance funds in Hubei Province and facilitates further cooperation in potential.
On the same day, Hubei United Investment Group also inked an agreement with Industrial and Commercial Bank of China on investment of over 10 billion Yuan (1.57 billion U.S. dollars) into construction of "Two-Oriented" Society in Wuhan City Cluster. The two agreements combined will bring in more than 150 billion Yuan (2.36 billion U.S. dollars) in infrastructure construction within three years, local report said.
Hubei United Investment Group is a state-owned enterprises approved by the People's Government of Hubei Province. It cooperates with 7 other business giants like Dongfeng Auto and Gezhouba Group in aims of exploiting the building of Wuhan City Cluster.(hubei.gov.cn)
Hubei Intercity Railway is the key transportation networks connecting 8 cities around Wuhan and cover towns of more than 200,000 population along the traffic lines. It is also a significant carrier for the realization of "living in the same city" with a transportation time less than half hour. The cooperation of three parties creates precedence on investment in traffic infrastructure with insurance funds in Hubei Province and facilitates further cooperation in potential.
On the same day, Hubei United Investment Group also inked an agreement with Industrial and Commercial Bank of China on investment of over 10 billion Yuan (1.57 billion U.S. dollars) into construction of "Two-Oriented" Society in Wuhan City Cluster. The two agreements combined will bring in more than 150 billion Yuan (2.36 billion U.S. dollars) in infrastructure construction within three years, local report said.
Hubei United Investment Group is a state-owned enterprises approved by the People's Government of Hubei Province. It cooperates with 7 other business giants like Dongfeng Auto and Gezhouba Group in aims of exploiting the building of Wuhan City Cluster.(hubei.gov.cn)
No comments:
Post a Comment